Following government tenders for nearly 10 gigawatts of new renewable energy capacity, Australia’s pipeline of probable clean energy projects jumped by about 30% to as much as 32.3 GW in the biggest surge on record.
The total of accredited, committed, and probable projects have now soared to nearly 70 GW as Australia continues to award tenders for wind, solar, and battery energy storage projects, Bloomberg reported on Thursday, citing data compiled by Australia’s Clean Energy Regulator.
Granted, not all projects currently classified as “probable” will make it to the final investment decision and construction phase, but the trend has been clear in recent years—Australia’s renewable energy capacity is booming and accounting for growing share of the electricity mix.
Last month, the federal government awarded in Tender 7 of the Capacity Investment Scheme (CIS) as many as 19 projects set to deliver 7.8 GW of renewable generation and a further 7.9 GWh in battery storage through hybrid projects.
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In the National Electricity Market (NEM), renewables supplied 46.5% of generation in the first quarter of 2026, the highest share on record for a first quarter, driven by increased wind and solar output, with batteries playing a greater role in market, the Australian Energy Market Operator said earlier this year.
“Batteries were the most frequent price?setting technology, setting prices in around 32% of trading intervals across the NEM during the quarter,” said AEMO Executive General Manager Policy & Corporate Affairs, Violette Mouchaileh.
“They increasingly reduced reliance on gas and hydro generation during evening peaks, contributing to lower year?on?year wholesale prices in most regions,” Mouchaileh added.
Despite the battery momentum and the record share of renewables in electricity supply, financial commitments for new generation slumped by 46% in 2025, as only 2.3 GW of new renewable energy generation reached financial close last year, Australia’s Clean Energy Council warned last month.
“We cannot afford to let planning bottlenecks, connection queues and contract economics stall the good progress already made,” said Jackie Trad, CEO of the Clean Energy Council.
By Tsvetana Paraskova for Oilprice.com
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